The biggest thing to consider is 85% of all people who take out a Heloc will eventually do a cash out refinance in 3 years to consolidate it anyways.

The biggest Brokerages in Waco seem to be Kelly and Magnolia. 

If the new administration focuses on boosting housing supply or implementing tax incentives for real estate, we might see positive opportunities.

Would love to discuss and try to navigate it. 

What was your biggest take away on this project?

@shay The biggest question  - can the property cashflow after paying for the costs of holding the property?

For the most part its just health and safety items, which are items we should have remedied anyways.As someone else mentioned, biggest thing to avoid is having the house tagged as vacant which the city will do if it sits empty for too long (handful of months, grass not cut, etc).

I came across crowdfunding as a opinion and seen that GoFundMe is one of the biggest crowdfunding platforms. is this a good way  to raise the starting capital for my first rental property , if not what did you guys do for starting capital ?

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

I’d love to hear about your journey.What’s been your biggest challenge in getting your first deal?